Risk Tolerance and Demographic Characteristics: Preliminary Irish Evidence

28 Pages Posted: 7 Dec 2011 Last revised: 13 Sep 2012

See all articles by Brian M. Lucey

Brian M. Lucey

Trinity Business School, Trinity College Dublin; University of Sydney Business School; Ho Chi Minh City University of Economics and Finance

Megan Mulholland

Trinity College (Dublin) - School of Business Studies

Charles James Larkin

Institute for Policy Research (IPR), University of Bath; Trinity College Dublin

Date Written: September 13, 2012

Abstract

We examine by means of a survey of Irish adults the extent of financial risk tolerance in Irish adults. We administer the Grable & Lytton 13 item risk tolerance instrument, and find a number of stylized facts on age, gender and education levels and their impact on risk tolerance. This is to our knowledge the first comprehensive survey of Irish adults on their risk tolerance.

Keywords: Risk, survey, financial risk, Ireland

JEL Classification: C83, D14, D81, G02

Suggested Citation

Lucey, Brian M. and Mulholland, Megan and Larkin, Charles James, Risk Tolerance and Demographic Characteristics: Preliminary Irish Evidence (September 13, 2012). Available at SSRN: https://ssrn.com/abstract=1969375 or http://dx.doi.org/10.2139/ssrn.1969375

Brian M. Lucey (Contact Author)

Trinity Business School, Trinity College Dublin ( email )

The Sutherland Centre, Level 6, Arts Building
Dublin 2
Ireland
+353 1 608 1552 (Phone)
+353 1 679 9503 (Fax)

University of Sydney Business School ( email )

Cnr. of Codrington and Rose Streets
Sydney, NSW 2006
Australia

Ho Chi Minh City University of Economics and Finance ( email )

59C Nguyen D├Čnh Chieu
6th Ward, District 3
Ho Chi Minh City, Ho Chi Minh 70000
Vietnam

Megan Mulholland

Trinity College (Dublin) - School of Business Studies ( email )

AAP College Green
Dublin 2
Ireland

Charles James Larkin

Institute for Policy Research (IPR), University of Bath ( email )

10 West
Claverton Down
Bath, BA2 7AY
United Kingdom

Trinity College Dublin ( email )

AAP College Green
Dublin 2
Ireland

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